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afterwards the obamas and dog bo will give a tour of the white house. hundreds of people are already gathering at the state capital in lancing, michigan as the city prepares for what could be the largest demonstration in history. the legislature has now rushed through right to work legislation, and governor rick snyder is expected to sign it today. police are on hand and limbed the number of people allowed in the common areas of the capitol. president obama said the right to work bill is not about economics and has everything to do with politics. taxpayers have now made a total of about $22.7 billion overall from the government's investment in the bank rescue. aig is now fully private again. and the british bank is going to pay the u.s. a $1.9 billion penalty for breaking u.s. sanction laws. they have transferred money through every day presents another exciting issue. from financial regulation, fraud on wall street. things everyday exploding around the world that leave no shortage for exciting conversations. at the end of the show, you know what has ha
afterwards the obamas and dog bo will give a tour of the white house. hundreds of people are already gathering at the state capital in lancing, michigan as the city prepares for what could be the largest demonstration in history. the legislature has now rushed through right to work legislation, and governor rick snyder is expected to sign it today. police are on hand and limbed the number of people allowed in the common areas of the capitol. president obama said the right to work bill is not...
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we have obama in the white house. the unions are going whild here. in all seriousness, i don't think unions are any more placid here than they are in china. >> but in china, workers go out on wildcat strikes all the time. foxconn which manufactures about 97% of apple's products, they've been really subject to labor troubles, from suicides to strikes. so i think apple is starting to see that there are some really important economic reasons to manufacturing. they're not the only company doing that. >> is it robots they're going -- i was told that apple is going into a plant in the u.s. that's a robotic plant so american workers aren't really going to be hired. >> last year in foxconn, they had 10,000 robots. if you have robots, china's cost manufacturing advantage is really nil except for chinese consumers. >> as long as we keep drilling for natural gas and we have the shale revolution, that's going to make us more competitive. i'm not making a case for china. i'm just a little interested in the apple case. that's what i'm saying. i'm a little interest
we have obama in the white house. the unions are going whild here. in all seriousness, i don't think unions are any more placid here than they are in china. >> but in china, workers go out on wildcat strikes all the time. foxconn which manufactures about 97% of apple's products, they've been really subject to labor troubles, from suicides to strikes. so i think apple is starting to see that there are some really important economic reasons to manufacturing. they're not the only company...
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ed, you are rude when you go to the white house, you speak your -ind, and you are not intimidated. i have interviewed a lot of presidents myself, i am always intimidated. it -- i think what happens. with the ceos, they are shell shocked even for these guys, like the guys in chrysler building they go in there they don't know what to do. >> i'm a very literal person when i get an invite, they tell me they want me to speak my mind, i do, maybe i should be more little bit ily correct. but they are -- politically correct. they are good people are they are great leaders,. neil: has anyone declined? >> the ones that can figure out a raireally good excuse to not , don't go, it is a terrible distraction, their pr people are coaching them, and coaching them. they don't want to say something that will damage the shareholders, so they play the game. neil: you know, a lot of these guys, have said, and women, have been saying, mr. president, we think a deal should be struck, and revenues should be part. we don't like some of them said, i'm paraphrasing, we donnt like this dispractic dispractice
ed, you are rude when you go to the white house, you speak your -ind, and you are not intimidated. i have interviewed a lot of presidents myself, i am always intimidated. it -- i think what happens. with the ceos, they are shell shocked even for these guys, like the guys in chrysler building they go in there they don't know what to do. >> i'm a very literal person when i get an invite, they tell me they want me to speak my mind, i do, maybe i should be more little bit ily correct. but...
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>> stephanie: newsletter blasts obama for having nbc host despite her visit to the bush white house. [ laughter ] >> stephanie: president obama has met with msnbc host along with other progressives -- was i invited no. can anyone even imagine if fox news had stopped by the bush white house to discuss policy? they would have been rightly outraged. [ wah wah ] >> rush limbaugh sat in george bush senior's box during the convention. >> stephanie: an influential group of conservative radio hosts including laura ingraham. >> imagine if we had down that. [ mocking whining ] >> to the right. >> >> stephanie: the "stephanie miller show" has no information as to whether laura ingraham likes her hair pulled during sex. if she does it's to the right. all right [ inaudible ] go ahead. >> caller: our president is doing so bad but yet apple wants to move the factory here. >> stephanie: exactly right. unemployment dropped to the lowest in four years. >> caller: yeah, so i mean these guys are all hot wind. they are trying to push the statute of liberty over the cliff, and it is not happening. >> real
>> stephanie: newsletter blasts obama for having nbc host despite her visit to the bush white house. [ laughter ] >> stephanie: president obama has met with msnbc host along with other progressives -- was i invited no. can anyone even imagine if fox news had stopped by the bush white house to discuss policy? they would have been rightly outraged. [ wah wah ] >> rush limbaugh sat in george bush senior's box during the convention. >> stephanie: an influential group of...
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. >> we are hearing that president obama may make an appearance at today's white house briefing. that briefing set for 1:45 this afternoon with jay carney. c-span2 will be covering that live. and now bob woodward on his latest book "price of politics." he spoke with "politico's" chief white house correspondent mike allen and failing to chief a compromise. this is part of a "politico" playbook discussion. it's about 25 minutes. [applause] >> good morning. welcome to "playbook breakfast." thank you for coming out so early. we're excited to have an amazing double-header today. we are going to talk to senator rubio who last night gave a big speech, one of the first formal speeches looking ahead to the future of the republican party. we are going to talk to senator rubio about that. first we have the amazing treat of bob woodward who has a fantastic book out on the last grand bargain negotiations, is going to be joining us in just a second. first, welcome, all the people out in livestream land. we'll be taking your questions on #politicobreakfast. tweet us. welcome to c-span and to ot
. >> we are hearing that president obama may make an appearance at today's white house briefing. that briefing set for 1:45 this afternoon with jay carney. c-span2 will be covering that live. and now bob woodward on his latest book "price of politics." he spoke with "politico's" chief white house correspondent mike allen and failing to chief a compromise. this is part of a "politico" playbook discussion. it's about 25 minutes. [applause] >> good...
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house speaker boehner meeting with president obama at the white house. but what will it take to get a compromise deal? republican senator john thune will be our guest host for the hour. >> plus starwood hotel ceo frits van paaschen on the effects of the fiscal cliff and avoiding the european recovery model. >> we know big ben. >> parliament. >> the third hour of "squawk box" begins right now. >>> welcome back to "squawk box" here on cnbc. first in business worldwide i'm joe kernen along with becky quick. andrew ross sorkin is off today. we have a big lineup this hour. sitting in andrew's seat our guest host, senator john thune. he is with us for the hour to talk about the fiscal cliff. talk about jobs. and a lot more. we're also going to speak to the president of telemundo media. emilio row mano. we're going to convene an economic summit to tackle america's debt crisis and outline growth scenarios for 2013. in addition to solving our budget problems and the fiscal cliff, we're also going to figure out how it affects the hotel industry with starwood's hot
house speaker boehner meeting with president obama at the white house. but what will it take to get a compromise deal? republican senator john thune will be our guest host for the hour. >> plus starwood hotel ceo frits van paaschen on the effects of the fiscal cliff and avoiding the european recovery model. >> we know big ben. >> parliament. >> the third hour of "squawk box" begins right now. >>> welcome back to "squawk box" here on cnbc....
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first, they said they wanted to make barack obama a one-term president. what are they tried to do now? to some extent the white house as well. host: thank you for the call this morning. here is "the wall street journal." and that peace in "the wall street journal." i want to show you a clip of john boehner talking about his position. [video clip] >> we have a debt problem out of control. we have to cut spending. the revenues we are putting on the table will come from -- guess who -- the rich. there are ways to limit deductions, close loopholes, and have the same people pay more of their money to the federal government without raising tax rates which we believe will harm the economy. host: we are taking your calls this morning on whether members of congress and the presidential compromise or stick to their principles. brian is next from massachusetts on the independent line. caller: good morning. i think the republicans and democrats -- medicare is not paying for itself. it is costing us more than what we pay into it. if you make $1,000, they take $100 of
first, they said they wanted to make barack obama a one-term president. what are they tried to do now? to some extent the white house as well. host: thank you for the call this morning. here is "the wall street journal." and that peace in "the wall street journal." i want to show you a clip of john boehner talking about his position. [video clip] >> we have a debt problem out of control. we have to cut spending. the revenues we are putting on the table will come from...
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the sky near the white house. >>> good evening. i'm jim vance. >> i'm doreen gentzler. president obama said the approaching fiscal cliff will add to the holiday stress for american families. the president did not meet with congressional leaders on the fiscal cliff, instead, he met with a local middle class family. danielle lee joins us from capitol hill. danielle? >> reporter: doreen, president obama said he's highlighting the impact of tax heights on the middle class. there's growing pressure to stop the campaigning and sit down face to face. avoiding the bickering on capitol hill today, president obama headed to northern virginia. he sat down with tiffany santana and her family to put a face on the fiscal cliff. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: tef any had used twitter to tell the president her family can't afford a tax increase. and the white house released this video. >> $2,000 for me would be paying a m
the sky near the white house. >>> good evening. i'm jim vance. >> i'm doreen gentzler. president obama said the approaching fiscal cliff will add to the holiday stress for american families. the president did not meet with congressional leaders on the fiscal cliff, instead, he met with a local middle class family. danielle lee joins us from capitol hill. danielle? >> reporter: doreen, president obama said he's highlighting the impact of tax heights on the middle class....
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of the white house triball nation's conference. listen. >> the president loves basketball. he has an indian name. he knows what it's like to be poor, and he has not forgotten where he came from, and his theme song is "hail to the chief." [laughter] i think he definitely qualifies as the first american indian president. lou: and so he is declared. you may remember the president has been called the first gay, female, jewish, and asian president; however, without question, the title of america's first black president belongs to bight. -- bill clinton. up nt, the obama ultimatum. tax the rich, or he'll take the country over the cliff. vote on the facebook page, do you agree president obama's ultimatum on higher taxes are responsible for driving us over the cliff if that were to occur? we're talking with monicand angela, and lori. that's right, the a-tea is next, and you don't want to miss them. before copd... i took my son fisng every year. we had a great spotot, not easy to find,ut worth it. but with copd making it hard to breathe, i
of the white house triball nation's conference. listen. >> the president loves basketball. he has an indian name. he knows what it's like to be poor, and he has not forgotten where he came from, and his theme song is "hail to the chief." [laughter] i think he definitely qualifies as the first american indian president. lou: and so he is declared. you may remember the president has been called the first gay, female, jewish, and asian president; however, without question, the...
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obama's big meeting with some of those ceos. john? >> the other way the ceos are in the middle of this is the president appeared before the business roundtable today as part of his effort to continue rounding up support from various constituencies for what he calls a balanced approach. one of the things he pressed was a priority that the head of the business roundtable, john eng r engler, has suggested which is a longer term fix to the debt ceiling problem. remember that it was a catastrophic standoff in mid 2011 that caused the downgrade in u.s. credit. president said he's simply not going to negotiate in the negotiating process that results in the same kind of stand-off. here is the president. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation? which, by the way, we have never done in our history until we did it last year. i will not play that game because we've got to break that habit before it starts. >> so w
obama's big meeting with some of those ceos. john? >> the other way the ceos are in the middle of this is the president appeared before the business roundtable today as part of his effort to continue rounding up support from various constituencies for what he calls a balanced approach. one of the things he pressed was a priority that the head of the business roundtable, john eng r engler, has suggested which is a longer term fix to the debt ceiling problem. remember that it was a...
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president obama is willing to let the country go over the cliff. this is a choice of the republican party if they are willing to do higher rates on the country, there is a lot to talk about, if they are not, they will push us over the cliff. tim geithner said there is no prospect in an agreement that doesn't include the tax rate going up on the top 2% of americans. he said we are not prepared to have the american economy held hostage to periodic threats. >> there you go. >> stephanie: and he pointed out, taxes were the centerpiece of the presidential campaign. he ran on a pledge to repeal these tax cuts. 60% of voters backed obama's reelection, a new poll suggests that -- >> including republicans. >> stephanie: yeah, he said republicans would take the bulk of the blame if this happens. i think we're in a strong position. >> i do too. >> stephanie: every time they talk on tv it's like lost lost lost lost you lost. this is the best thing chris, i have read thus far on this. [ ♪ patriotic music ♪ ] >> stephanie: fiscal cliff let's take the plunge
president obama is willing to let the country go over the cliff. this is a choice of the republican party if they are willing to do higher rates on the country, there is a lot to talk about, if they are not, they will push us over the cliff. tim geithner said there is no prospect in an agreement that doesn't include the tax rate going up on the top 2% of americans. he said we are not prepared to have the american economy held hostage to periodic threats. >> there you go. >>...
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, the white house, congressional democrats, want to go over the fiscal cliff because they believe that it is more politically advantageous for them to do so. is that a sentiment you agree with or not? >> i believe that the president and the democrats see a political victory at the bottom of the fiscal cliff. i see financial problems for our country at the bottom of the fiscal cliff with unemployment over 9%, and another recession. i think -- i want to find a solution working with people on both sides of the aisle but when you have howard dean, the former chairman of the democratic national committee, you have patty murray, who ran the democratic senatorial committee encouraging going over the cliff i think it's irresponsible. i think we ought to have the president sitting down with john boehner, finding solutions that can, one, pass the house, and, two, be signed by the president, and i believe if you find that solution, it will pass the senate. >> senator john barrasso, thank you for your time. >> thank you. >> next on "andrea mitchell reports" -- as the house heads home, are democrat
, the white house, congressional democrats, want to go over the fiscal cliff because they believe that it is more politically advantageous for them to do so. is that a sentiment you agree with or not? >> i believe that the president and the democrats see a political victory at the bottom of the fiscal cliff. i see financial problems for our country at the bottom of the fiscal cliff with unemployment over 9%, and another recession. i think -- i want to find a solution working with people...
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governor christie meets with president obama this time at the white house, and it is just one of the things we thought you should know. be sure to check out our "news nation" tumblr page. you find behind the scenes pictures, and thank you for checking it out and liking our pictures. ♪ ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affe
governor christie meets with president obama this time at the white house, and it is just one of the things we thought you should know. be sure to check out our "news nation" tumblr page. you find behind the scenes pictures, and thank you for checking it out and liking our pictures. ♪ ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus,...
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obama, the white house projection last offer -- \[inaudible] 53% of americans will blame republicans in congress if you go over the fiscal cliff. how long can you have that hard line on those making 250 and above. >> america faces a very serious problem and our goal is to make sure it gets solved. we have a debt problem that is out of control. we have got to cut spending and i believe it is appropriate to the receive news we are putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more -- more of their money to the federal government without raising the tax rates which we believe will harm our economy. \[inaudible question] >> i think our members understand the seriousness of the situation that our country faces. trillion dollar deficits for as far as the eye can see. $16 trillion of debt on the books. every man, woman and child owing the american government $50,000 and that number is increasing every single year. as a result, our members understand that we've got to solve the problem, and w
obama, the white house projection last offer -- \[inaudible] 53% of americans will blame republicans in congress if you go over the fiscal cliff. how long can you have that hard line on those making 250 and above. >> america faces a very serious problem and our goal is to make sure it gets solved. we have a debt problem that is out of control. we have got to cut spending and i believe it is appropriate to the receive news we are putting on the table are going to come from, guess who? the...
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white house. nobody over there wants to go over the cliff at this time, there's nothing that wants to do it. >> once we get over it, we hope it's a bridge to something that will help you and caterpillar compete better in the world. after the cliff, what do you want? is there any emphasis on corporate tax reform that we need or how to bring $2 trillion back to this country? aren't those things, did you talk about any of those or the cliff? >> we talked about all of those, long-term competitiveness for our country, immigration reform that needs to happen, and there's a lot of bipartisan support for corporate and personal tax reform next year and i know j.timmonds was on earlier. private factories in this country need more also. that's a hot topic right around the corner but it's important we get through the cliff, that government governors, we get leadership, get over the cliff and move to the next thing. i think everybody's talking about it. >> doug, let me ask you a question. i think there's a str
white house. nobody over there wants to go over the cliff at this time, there's nothing that wants to do it. >> once we get over it, we hope it's a bridge to something that will help you and caterpillar compete better in the world. after the cliff, what do you want? is there any emphasis on corporate tax reform that we need or how to bring $2 trillion back to this country? aren't those things, did you talk about any of those or the cliff? >> we talked about all of those, long-term...
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and frankly, all we've heard from the white house is what they're not willing to do. so the president has signed the it tension of these rates in the past. i think the underreported story in all of this drama are senate democrats that are wringing their hands and avoiding eye contact. >> mcconnell would have produce the brought it up not just as an amendment. >> we're too busy today, forget it. >> they can't pass it in their own house. >> so here is the question. the operative question is does this administration really want to take to us $22 trillion? is that really where they want to go? because that's the pathway. and if they do, aren't we better to deal with this right now? this doesn't get any better the longer we wait. when you have the speaker saying we're willing to move, our movement is to put revenue on the table -- >> are you saying a bucket of crazy is better than the long term implications? >> that's what the country is dealing with. neither are things you want to embrace because they're both miserable. but based on experience in illino illinois, illinois
and frankly, all we've heard from the white house is what they're not willing to do. so the president has signed the it tension of these rates in the past. i think the underreported story in all of this drama are senate democrats that are wringing their hands and avoiding eye contact. >> mcconnell would have produce the brought it up not just as an amendment. >> we're too busy today, forget it. >> they can't pass it in their own house. >> so here is the question. the...
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the tax increases that president obama is now trying to push through will really do almost nothing to reduce our national deficit and nothing to reduce our national debt. the white house and democrats in the senate are focused only on tax hikes while they continue ignoring the real drivers of our debt, which is the out-of-control entitlement programs -- social security, medicare, and medicaid. until we find a way to do meaningful entitlement reform, no amount of tax revenue will be able to match the increase in violate spending. -- in entitlement spending. the president continues in his campaign mode going around the country to try to sell his tax hikes. the president and the democrats in congress are willing to go over the fiscal cliff in order to get those tax hikes. rather than negotiate in good faith, they're willing to try to spend their time trying to convince the american people that it's just someone else's fault. going over the fiscal cliff will mean another recession, and this one is squarely on the shoulders of president obama. it will mean unemployment spiking back up over
the tax increases that president obama is now trying to push through will really do almost nothing to reduce our national deficit and nothing to reduce our national debt. the white house and democrats in the senate are focused only on tax hikes while they continue ignoring the real drivers of our debt, which is the out-of-control entitlement programs -- social security, medicare, and medicaid. until we find a way to do meaningful entitlement reform, no amount of tax revenue will be able to...
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we want to let you know speaker boehner left the capitol and on his way to the white house right now. in this debate, in one corner ceos of some of america's biggest corporations that pay corporate tax rates and the other? entrepreneurs who pay their business taxes at individual rates because they have some type of pass-through entity like a partnership. ceos are lobbying for tax reform that would lower corporate rates. meantime the president wants to raise personal rates on higher income families which would hit some small business owners. small business advocates were shocked this week when the business roundtable endorsed raising personal rates as one way to help avoid the fiscal cliff. the roundtable reversed its opposition to that citing its fear of falling off the cliff. its letter was signed by 168 ceos. the national federation of independent business which represents 350,000 small companies went ballistic. >> taking from peter to pay paul. you're ignoring one huge segment of the economy, the small, to mid-size business sethment which is about 37% of netbusiness income, employe
we want to let you know speaker boehner left the capitol and on his way to the white house right now. in this debate, in one corner ceos of some of america's biggest corporations that pay corporate tax rates and the other? entrepreneurs who pay their business taxes at individual rates because they have some type of pass-through entity like a partnership. ceos are lobbying for tax reform that would lower corporate rates. meantime the president wants to raise personal rates on higher income...
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. >> i pointed out, no, the direction comes from the white house. is this a prior to for the president? according to norml the obama administration shut down more than george bush and why is this a prior to a prior to for priority. all i got was the justice administration was reviewing the matter. >> they are going to do nothing. past is prologue. if the state is the player regulation, and we are talking pretty high-techniequipment today, rfid radio frequency id tags used to track the plants from the point of creation to the point of consumption. in colorado they call it from seed to sale. the feds haven't done anything an the state is collecting 50 to $70 million a year in taxes. it's only places like california, unfortunately, where the sacramento did not step up and pass tax and regulation laws where theile sayingnate abhors a vacuum, the federal government goes in there and raids these clubs. if the state is a player, the feds largely are hands-off. >> help me out here. so in washington state and colorado, it's not only legal toto i am bible or
. >> i pointed out, no, the direction comes from the white house. is this a prior to for the president? according to norml the obama administration shut down more than george bush and why is this a prior to a prior to for priority. all i got was the justice administration was reviewing the matter. >> they are going to do nothing. past is prologue. if the state is the player regulation, and we are talking pretty high-techniequipment today, rfid radio frequency id tags used to track...
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our john harwood is live at the white house with more on that. john, good morning. >> good morning, carl. you know the president's been very clear since the election that republicans need to give on taxes for people at the top and not just on revenues, but also on tax rates because he says the math can't work otherwise. we've seen some signs of cracking in the republican unity. that suggests we may be getting to the next phase of negotiations. the latest sign was possible corker, the senator from tennessee, who was on our air just a few minutes ago, as you know, saying republicans should concede ground on top tax rates and then get on to other issues. >> the best place for republicans to be, to me, is to pass the rate of rate increases, be done with it, the numbers aprobably much smaller than is going to ultimately be negotiated, and then we still are focused on the right thing, which is entitlement changes. >> and that may be what john boehner and president obama are discussing yesterday, and in the days to come. because, speaker boehner needs s
our john harwood is live at the white house with more on that. john, good morning. >> good morning, carl. you know the president's been very clear since the election that republicans need to give on taxes for people at the top and not just on revenues, but also on tax rates because he says the math can't work otherwise. we've seen some signs of cracking in the republican unity. that suggests we may be getting to the next phase of negotiations. the latest sign was possible corker, the...
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the state health insurance exchange is a key component to the obama care. it allows millions of middle class households as well as small businesses to shop for private insurance. states must decide by next friday if they want to set up their own exchange. they will -- they were allowed more time to mull over the decision after many republican governors delayed action. perhaps expecting a different outcome to the presidential election. new jersey is just the latest state with a republican governor to opt for the federal government to step in and create the exchange. let's turn to former vermont governor howard dean and former chairman of the dnc and contributor to cnbc. governor dean, good to have you with us tonight. i think you know this whole story well. these republican governors want these exchanges simply to fail, but is it actually in a way better to have the federal government step in and get that infrastructure if we want to expand it down the road someday? how do you see it? >> well, that's the interesting thing. the republicans at this point are c
the state health insurance exchange is a key component to the obama care. it allows millions of middle class households as well as small businesses to shop for private insurance. states must decide by next friday if they want to set up their own exchange. they will -- they were allowed more time to mull over the decision after many republican governors delayed action. perhaps expecting a different outcome to the presidential election. new jersey is just the latest state with a republican...
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Dec 13, 2012
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this white house photo of president obama talking yesterday to house speaker john boehner does not convey the 2%se and difficult reality. the g.o.p. leader told mr. obama he wanted to permanently extend all current tax rates, including reose for the two 2% of earners. > there were some offers that conversahanged back and forth yesterday, and the president and r:had a pretty frank conversation about just how far apart we are. >> reporter: we asked white hinge spokesman jay carney today uhere things stood. how would you rate speaker boehner's flexibility? leahere's no indication yet hatt the republican leadership is willing to acknowledge the basic fact that rates need to rise on the top 2%. >> reporter: the white house says it has been flexible, cutting mr. obama's tax increase request from $1.6 trillion to $1.4 trillion. uill unrealistic, republicans said. >> the president's call for $1.4 trillion worth of revenue. fhat cannot pass the house or or senate. w reporter: white house officials say republicans will find the president flexibility n future entitlement savings ond how income taxes
this white house photo of president obama talking yesterday to house speaker john boehner does not convey the 2%se and difficult reality. the g.o.p. leader told mr. obama he wanted to permanently extend all current tax rates, including reose for the two 2% of earners. > there were some offers that conversahanged back and forth yesterday, and the president and r:had a pretty frank conversation about just how far apart we are. >> reporter: we asked white hinge spokesman jay carney today...
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Dec 10, 2012
12/12
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lawmakers have no choice but to give in to the white house demands to raise tax breaks on the wealthy if they want to achieve their main goal of entitlement reform. >> there are a growing group of thugs looking at this and realizing we don't have a lot of cards as it relates to the tax issues before year-end. >> will i accept the tax increase as part of a deal to solve our problems? yes. >> senate republicans are facing opposition to their tax concessions in the house and democrats haven't been too receptive to their idea owes entitlement reforms. for more on this, jens is still with us. we've got, what, two working weeks until the end of the year. what's your base view here as to how this plays out? >> our base case is that we will get a type of deal probably later until the year. so i don't think it will be much of a christmas holiday for the key negotiators. i would say 60% to 70% probability that we get that pancake deal. then the details will have to be hammered out next year on a more comprehensive tax reform and so forth. if that's the case, then that should give a bit of a boo
lawmakers have no choice but to give in to the white house demands to raise tax breaks on the wealthy if they want to achieve their main goal of entitlement reform. >> there are a growing group of thugs looking at this and realizing we don't have a lot of cards as it relates to the tax issues before year-end. >> will i accept the tax increase as part of a deal to solve our problems? yes. >> senate republicans are facing opposition to their tax concessions in the house and...
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Dec 12, 2012
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she said who is a marxist in our white house? of course it is barack hussein obama and i don't know why we're not calling him what he is. >> does she know the definition of marxism? >> stephanie: it is as if when the wall fell, communism died. it didn't. today it is red on the outside and barack obama is implementing his green agenda which is marxism. >> ah, right. >> stephanie: bugga lug about -- bug gabug ga. >> i don't know how to work a shoe. >> stephanie: how do buttons go again? >> don't know how to work a shoe. >> stephanie: how do you work a shoe? they're all so different. she was offend by his narcissistic behavior at the presidential debate so much so she wanted to go up and smack his face. >> i'm sure the secret service would have loved that. >> stephanie: she decried the california marijuana legalization initiative as part of obama's anti-american plans. >> he's against it. >> he's a moron. >> stephanie: okay. she said i'm telling you barack hussein obama has to have a teleprompter because he fried his brain on drugs.
she said who is a marxist in our white house? of course it is barack hussein obama and i don't know why we're not calling him what he is. >> does she know the definition of marxism? >> stephanie: it is as if when the wall fell, communism died. it didn't. today it is red on the outside and barack obama is implementing his green agenda which is marxism. >> ah, right. >> stephanie: bugga lug about -- bug gabug ga. >> i don't know how to work a shoe. >>...
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Dec 11, 2012
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however, neither the white house nor house speaker boehner's office are giving any public indication that either side is yet prepared to give up real ground. on a road trip yesterday, president obama indicated that he is willing to compromise, just not on that point about an increase in tax for relthy americans. meantime, speaker boehner says he is still waiting on specific spending cuts. joining us now for analysis, tony fratto, of hamilton place strategies and former white house press secretary and gerald bernstein former economic adviser to vice president joe biden. gentlemen, thank you for being here with us and getting this special day of coverage kicked off for us. >> rising early and rising above. >> exactly. let's talk about this. jared, it seems like things have gotten quieter. do you think that's the case? is that a good sign? >> i think it's probably a pretty good sign. if you look at this morning's papers, you see a number of articles suggesting that there's a bit more compromise in the air. my concern is that tomorrow's papers may say the opposite. so interestingly, ther
however, neither the white house nor house speaker boehner's office are giving any public indication that either side is yet prepared to give up real ground. on a road trip yesterday, president obama indicated that he is willing to compromise, just not on that point about an increase in tax for relthy americans. meantime, speaker boehner says he is still waiting on specific spending cuts. joining us now for analysis, tony fratto, of hamilton place strategies and former white house press...
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Dec 10, 2012
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yesterday, president obama met with house speaker john boehner at the white house to discuss how to resolve the fiscal cliff. few details were released about the meeting. if lawmakers fail to strike a deal before the end of the year automatic tax increases and spending cuts will go into effect. the one-on-one meeting was the first between the two leaders since election day. a member of the dallas cowboys is out on bond, after being charged in a crash deadly crash that killed a teammate over the weekend. defensive lineman josh brent was released on half a million dollars bond yesterday. authorities say he was speeding on saturday, when he hit a curb. the vehicle then flipped over and caught fire. cowboys linebacker jerry brown was killed. brent is charged with intoxication manslaughter. brent and brown formed a lasting friendship when they played together at the university of illinois. back in 2-thousand-9, brent also served a 60 day sentence for a d-u-i in champaign. investigators are looking into the cause of a plane crash that killed a mexican-american singer in northern mexico. jenni riv
yesterday, president obama met with house speaker john boehner at the white house to discuss how to resolve the fiscal cliff. few details were released about the meeting. if lawmakers fail to strike a deal before the end of the year automatic tax increases and spending cuts will go into effect. the one-on-one meeting was the first between the two leaders since election day. a member of the dallas cowboys is out on bond, after being charged in a crash deadly crash that killed a teammate over the...
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tastid-light founder, and white castle and fast signs ceo join me on 5:00 eastern on fox business. lori: thompson, thanks. is the stock market pricing in a tumble over the fiscal cliff? losh abet senior economist and market strategist milton miss rought at this breaks it down with tracy and ash. stick around >> gold bars i suppose. >> i would be buying gold bars and real estate. >> under the mattress. >> let it all go. ashley: nothing wrong with those. not at all. >> and on that note --, take it away. ashley: thank you, ladies. as lori just said, drifting along. market up by 11 points. good afternoon, i'm ashley webster. tracy: i'm tracy byrnes. political theater over the fiscal cliff. how a senate battle over the presidential power around the debt ceiling could shape the cliff talks going forward. ashley: apple shares up today, but still down more than 20% from the all-time high less than three months ago. now is the time to buy. is there more downside ahead? all the people wondering about apple. we'll speak to one leading analyst is here soon. tracy: i do my part this holiday sea
tastid-light founder, and white castle and fast signs ceo join me on 5:00 eastern on fox business. lori: thompson, thanks. is the stock market pricing in a tumble over the fiscal cliff? losh abet senior economist and market strategist milton miss rought at this breaks it down with tracy and ash. stick around >> gold bars i suppose. >> i would be buying gold bars and real estate. >> under the mattress. >> let it all go. ashley: nothing wrong with those. not at all....
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Dec 7, 2012
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meeting with president barack obama. we don't know what they said, and we're in the era now of parsing every single word they do say publicly. nancy pelosi was out before cameras, although it's hard to get a lot of indication of what's going on with had statement. take a listen. >> the only obstacle standing in the way of middle income tax relief are the republicans unwillingness to ask the top 2% to pay their fair share. >> and if you listened carefully to speaker john boehner, he did say that there was no progress to report, but he may have been hinting a little bit of where there's some room for a deal here if the president will just meet him maybe not even halfway. listen to the speaker. >> there are a lot of things that are possible to put the revenue the president seeks on the table, but none of it's going to be possible. the president insists on his position, insists on my way or the highway. that's not the way to get to an agreement. >> so where are we now? i think we're basically at a point where speaker boehner
meeting with president barack obama. we don't know what they said, and we're in the era now of parsing every single word they do say publicly. nancy pelosi was out before cameras, although it's hard to get a lot of indication of what's going on with had statement. take a listen. >> the only obstacle standing in the way of middle income tax relief are the republicans unwillingness to ask the top 2% to pay their fair share. >> and if you listened carefully to speaker john boehner, he...
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Dec 11, 2012
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obama-friendly business groups given great access to the white house. guest: we bring business leaders from around the country to work on health care reform, immigration reform, the fiscal cliff, intellectual property protection and the business leaders are speaking for themselves. generally speaking, business leaders are centrists. they're data driven, results oriented. and they are looking for compromise in washington. state proobama group? a republican group? it's its own group. host: who are some of the names people might recognize or c.e.o.'s of which companies that have talked to the president? guest: i think the effort that the white house has made this year is much larger than i think much more effective than last year. they're bringing in more people with business forward but with a lot of other organizations as well. the president spoke to financial services leaders, brought in i think at least two groups of big-name c.e.o.'s. what we're talking about is business leaders from local markets. six out of 0 people who participate in business forwa
obama-friendly business groups given great access to the white house. guest: we bring business leaders from around the country to work on health care reform, immigration reform, the fiscal cliff, intellectual property protection and the business leaders are speaking for themselves. generally speaking, business leaders are centrists. they're data driven, results oriented. and they are looking for compromise in washington. state proobama group? a republican group? it's its own group. host: who...
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Dec 7, 2012
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the white house has just informed us president obama called egypt's president today to express what the white house called deep concern over the deadly protests in cairo overnight. the white house says president obama praised the egyptian president mohammed morsi for offering to meet with his opponents this weekend but said that dialogue should come without any preconditions. one opposition group is already turning down that offer. here is how it is going over in cairo. [chanting] shch shep protest hers back on the street this overnight. military sealed off the presidential palace with tanks and bausched wire after the worst violence since president morsi took office in june. [explosions] 700 dead and 600 hurt after battled outside the very presidential palace. police say the two sides threw rocks and fire bombs at each other. the protesters say they are outraged that the president in essence put himself above the law last month. president morsi helped negotiate the cease-fire between israel and hamas he is in charge of enforcing that agreement. tonight he went on egyptian television to
the white house has just informed us president obama called egypt's president today to express what the white house called deep concern over the deadly protests in cairo overnight. the white house says president obama praised the egyptian president mohammed morsi for offering to meet with his opponents this weekend but said that dialogue should come without any preconditions. one opposition group is already turning down that offer. here is how it is going over in cairo. [chanting] shch shep...
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Dec 12, 2012
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how do you look at the white house? how do you look at how both the white house and congress has been negotiating this as a deal-maker yourself? >> i didn't go to the meetings though i was invited. i happened to have a trip in brazil and chile i had to go to. i liked the fact the white house is reaching out. i always believed collaboration between business, government, civil society, you will have a better outcome than antagonism. i like the fact of reaching out, people engaging in conversation. i like the fact the president went to the business roundtable and was on tv. it's a very good thing to do. i hope it gets to the right place. business is not the only player but hopes it gets us to the right place. >> do you think the relationship between wall street and washington is going to get better or -- let me put it a different way. as a result of this election, has there been any lesson learned about how to deal with washington differently, because it took on a very antagonist stick-back an forth before the electi elect
how do you look at the white house? how do you look at how both the white house and congress has been negotiating this as a deal-maker yourself? >> i didn't go to the meetings though i was invited. i happened to have a trip in brazil and chile i had to go to. i liked the fact the white house is reaching out. i always believed collaboration between business, government, civil society, you will have a better outcome than antagonism. i like the fact of reaching out, people engaging in...
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they have to resist the pressure of the white house, and if obama wants to take them over a cliff and wants to inherit a new recession which will destroy his second term, i think they ought to say if that's what you want, mr. president, we'll just do it. >> well said as always. charles krauthammer, thanks so much for being with us. appreciate it. >> it's a pleasure. >>> coming up, jones makes a grand return and gloats about the victory in the election. his speech was nothing short of offensive. we'll play it for you. you'll hear the less than civil rhetoric being spewed by the former green jobs czar. the situation in syria has hit critical mass that president assad is ready to launch chemical weapons on his own people. president obama issued a warning to assad. to assad. will he stand by his own try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make you
they have to resist the pressure of the white house, and if obama wants to take them over a cliff and wants to inherit a new recession which will destroy his second term, i think they ought to say if that's what you want, mr. president, we'll just do it. >> well said as always. charles krauthammer, thanks so much for being with us. appreciate it. >> it's a pleasure. >>> coming up, jones makes a grand return and gloats about the victory in the election. his speech was...
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Dec 12, 2012
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the white house asking for $1.4 trillion in new tax revenues. instead of the 1.6 trillion demanded for republicans making a counteroffer. less known about the details of the counter offer. 20 days and counting for 500 billion in automatic tax hikes and spending cuts. the congressional budget office tells us for recession. of course, have you congress going on vacation. that happens in two days. with technically 48 hours to go, let's get to elijah cummings. do you think you will have a deal before you go off on break? >> i do. if you asked me a few days ago, i would have said no. >> why? >> the parties are talking. they are talking, exchange of paper but proposals, but they are meeting. we had the business round table yesterday. major corporations in the country saying, look, revenue, increase in rates, must be a part of this deal. i think all of the things are coming together and we have to see what comes out again. look at where we were a week or two ago and where we are now. at least folks sitting down, truly negotiating, and i think that's a
the white house asking for $1.4 trillion in new tax revenues. instead of the 1.6 trillion demanded for republicans making a counteroffer. less known about the details of the counter offer. 20 days and counting for 500 billion in automatic tax hikes and spending cuts. the congressional budget office tells us for recession. of course, have you congress going on vacation. that happens in two days. with technically 48 hours to go, let's get to elijah cummings. do you think you will have a deal...
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Dec 13, 2012
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house meeting between president obama and speaker boehner. for the latest, we turn to margaret talev, a white house correspondent for bloomberg news. margaret, a lot going on at the white house today. what are they saying there about this meeting with the speaker that i guess ended what, about an hour somethat that >> that's right, they're saying precious it will which will some would see is an indication that progress is made. treasury secretary geithner was there and the only indication they're giving us is that talks are proceeding respectfully and they're hopeful a resolution can be reached but whether they got closer it's not clear at this point. we have to learn more. >> woodruff: i was reading quotes from an interview the president did this afternoon with a cbs affiliate. i believe in chicago where he said among other things he's hopeful of getting the fiscal cliff resolved and saying it shouldn't be that hard. that's a contrast with the kind of language we're hearing from the speaker who said in a press conference today at the capitol
house meeting between president obama and speaker boehner. for the latest, we turn to margaret talev, a white house correspondent for bloomberg news. margaret, a lot going on at the white house today. what are they saying there about this meeting with the speaker that i guess ended what, about an hour somethat that >> that's right, they're saying precious it will which will some would see is an indication that progress is made. treasury secretary geithner was there and the only indication...
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is there any media pressure on the white house? >> there's no media pressure on the white house to explain any of this. in watching this and talking about the pr and how the press is covering the pr especially out of the white house democrats. and the republicans don't have a coherent messenger, what i find fascinating is that the press doesn't cover why obama is doing what he's doing and gets to your point, john. there's an assumption that the president doesn't want to go over the fiscal cliff like the republicans don't. and i think that's the wrong assumption. i think the president does want to go over the fiscal cliff and yet, there's no coverage of that whatsoever. bob woodward actually gave a video interview to political this week and said who is barack obama and what drives him? it's not a big mystery at this point. >> the media seem to have no problems supporting the idea of putting higher taxes on higher wage earningers in this country and take a look at this from the california teachers union. >> and ordinary people wonder
is there any media pressure on the white house? >> there's no media pressure on the white house to explain any of this. in watching this and talking about the pr and how the press is covering the pr especially out of the white house democrats. and the republicans don't have a coherent messenger, what i find fascinating is that the press doesn't cover why obama is doing what he's doing and gets to your point, john. there's an assumption that the president doesn't want to go over the fiscal...
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bill daley was the white house chief of staff under president obama during the debt ceiling negotiations last year. mr. daley, thank you very much for joining us this morning. >> thanks for having me. >> reporter: we were just trying to figure out what to make of this. all morning long we've been saying it's relatively good news that we haven't within hearing from the principalprincipals. what does it mean now that speaker boehner is going to be addressing the house at noon. >> i think it's a strong sign there is movement. i don't know that. i'm not on the inside. i don't know what's going on. i doubt the speaker is going to stand up and speak to the body and say nothing's happening and we're not going anywhere and just give a partisan speech. so i'm hopeful that that's what this means. i think it would be damaging to a process that has been basically as it was in '11, a pretty quiet going process kept in secret if all the sudden this becomes anything but that process. i think a very public negotiation does not help getting this done. in what is a relatively very short period to sort of
bill daley was the white house chief of staff under president obama during the debt ceiling negotiations last year. mr. daley, thank you very much for joining us this morning. >> thanks for having me. >> reporter: we were just trying to figure out what to make of this. all morning long we've been saying it's relatively good news that we haven't within hearing from the principalprincipals. what does it mean now that speaker boehner is going to be addressing the house at noon....
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first, christie visited president obama at the white house asking for $83 billion in extra hurricane aid to help clean withstandup. the very same day he vetoed a bill drafted by his state's democratic legislature that would have billed health care exchange, which aims to subsidize insurance for low and middle income americans. in a statement explaining the rejection, governor christie stated a lack of information from washington. quote, i will not ask new jerseyans to commit today to a state-based exchange when the federal government cannot tell what's it will cost, how that cost compares to other options, and how much control they will give the states over this option that comes at the cost of our state's taxpayers. that makes new jersey state number 19 to say no to the affordable care act's offer for a state-run health insurance exchange, and it puts christie in the ranks of governors like jan brewer in arizona, bobby jindal in louisiana, and scott walker in wisconsin. during his appearance on the daily show, jon stewart took christie to task over his obama care stance. >> the diff
first, christie visited president obama at the white house asking for $83 billion in extra hurricane aid to help clean withstandup. the very same day he vetoed a bill drafted by his state's democratic legislature that would have billed health care exchange, which aims to subsidize insurance for low and middle income americans. in a statement explaining the rejection, governor christie stated a lack of information from washington. quote, i will not ask new jerseyans to commit today to a...
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. >>> over at the white house president obama has no public events scheduled. meanwhile, over in michigan thousands of union members and supporters are protesting at the state capitol building in lancing. the state, which is the heart of the united autoworkers and ground zero for union rights is poised to sign a major anti-labor bill into law today. the president weighed in on that, speaking yesterday in redford. >> these right to work clause, they don't have anything with economics. they have everything to do with politics. what they're really talking about is giving you the right to work for less money. america is not going to compete based on low skill, low wage, no workers rights. that's not our competitive advantage. there's always going to be some other country that can treat its workers even worse. >> the house speaker, john boehner, is speaking now on the house floor regarding the fiscal cliff. let's take a listen. >> beyond 1:50 p.m. today. >> the speaker of the house for five minutes. >> the speaker, last week republicans made a serious offer to avert
. >>> over at the white house president obama has no public events scheduled. meanwhile, over in michigan thousands of union members and supporters are protesting at the state capitol building in lancing. the state, which is the heart of the united autoworkers and ground zero for union rights is poised to sign a major anti-labor bill into law today. the president weighed in on that, speaking yesterday in redford. >> these right to work clause, they don't have anything with...